I have been here since 2010.I rode this to a dollar sixty in 2011. Should have could have would have sold. Luckily I picked up a few at the bottom. I really hope we do not sell out for at least 5 years. A little research shows the following;
1. Chris Cline is dating Ellin Nordgren Tiger Wood;s ex.
2. His Pappy and his Pappy was coal miners.
3. His Dad gave him a nickel for a bag of dirt under the porch and he kept digging until the porch collapsed.
4. He owns several mines over 10 million tonnes that produce high sulfur thermal coal out of 12 foot seams in illionois at an average cost of 28 dollars a tonne delivered to power plants.
5. Our coal is "very high quality coking coal"/
6. The Tar ponds in Sydney were there because of why?
7. Chris is 55 years old sittiing on at least a half a billion tonnes of 200 dollar coal that only needs to travel 5 km to a ship. You can bet your bottom dollar he won't want 200 years to get his coal out.
So in the mind of predicting and or speculating:
1. Why not go longwall when costs are in the toilet and sales price is the clouds?
(IE 28 dollars for mining costs on similiar geology but 3 times the price due to met coal)
2. 8 million at 80 dollars a tonne is hogwash we will be closer to 200 a tonne. In fact the PFS by marston and marston uses 150usd as long term average value of this coal.
3. So to start with we have a 15 million royalty stream by 2018 late. Thats 3 dollars a share at 10 times cash flow.
4. Long wall takes us to 10 million tonnes or 3.8 percent at 200 dollars a tonne takes us 3.8 percent of 2 billion or 78 million in royalties or 780 million 10 times cash flow which is 15 dollars a share. I have none for sale under 5 dollars.
Thanks and Good night.